Tim Kelly
Stories by Tim Kelly
Tokyo pledges an additional $4.9b to help chipmaker TSMC expand Japan production
TSMC's decision to build chips in Japan has become a key component of Tokyo's push to revive advanced semiconductor manufacturing.
Japan-backed fund JIC to buy chip materials maker JSR for $6.4b
JSR shares rose by 22%, their daily limit, ahead of the official announcement.
IBM ties up with new Japanese chip maker Rapidus to make advanced chips
The announcement comes as US-China relations remain tense, especially over chips.
Renault-Nissan prepare $26b investment push for electric vehicles
The companies have pledged to strengthen their ties by pooling more resources.
Japan’s Hitachi to sell about half its stake in construction unit
Hitachi will sell the stake for about 200 billion yen ($1.7 billion).
Toyota commits $70b to electrify its vehicles by 2030
The investment includes $1.29b for a battery plant in North Carolina.
SoftBank Group shares slide 3% after Didi, Arm, Grab setback
SoftBank's shares fell to as low as 5,423 yen ($47.89) on Friday, before settling slightly higher.
Japan’s MUFG to exit US retail banking in $8b deal with US Bancorp
The exit is the latest departure from US retail banking by non-American lenders.
Japan’s Shinsei Bank mulls steps to fend off $1.1b SBI Holdings bid
Shinsei Bank is reportedly talking to potential white knights, including Seven & i Holdings and Sony.
Panasonic sells entire stake in Tesla for $3.6b
Panasonic is seeking to reduce its dependence on Tesla and raise cash for investing in growth.
